Gate News reports that on March 13, the Bitcoin Policy Institute called for modifications to current U.S. tax rules. According to existing regulations, all payments made using BTC are treated as capital gains transactions and subject to corresponding taxes. The institute believes this regulation restricts the practical application of Bitcoin as a payment method.
HSBC and Standard Chartered are expected to become Hong Kong's first institutions to obtain stablecoin issuance licenses, marking the imminent launch of Hong Kong's stablecoin regulatory framework. The new regulations require stablecoin issuers to obtain approval and comply with strict management requirements. The approval of both banks will drive traditional financial institutions' participation in blockchain payments and strengthen digital asset compliance.
The Bitcoin Policy Institute (BPI) plans to comment on the upcoming Federal Reserve's proposed banking capital rules, arguing that Bitcoin's 1250% risk weight is too high and does not reflect its actual risk characteristics, which will make it more difficult for banks to provide related services. The Federal Reserve is promoting the implementation of the Basel Accord, aimed at improving regulatory efficiency and maintaining financial stability.
The U.S. Commodity Futures Trading Commission (CFTC) has launched new regulations to strengthen oversight of prediction markets and event contract trading, requiring registered platforms to comply with stricter compliance standards and inviting public commentary. Despite the CFTC's desire to promote the development of prediction markets, its regulatory jurisdiction remains controversial, particularly regarding sports event predictions. This action emphasizes maintaining market compliance and warns against violations such as insider trading, with potential further clarification of legal boundaries in the future.